GE and Siemens Settle Trade Secret Dispute Over Gas Turbines
- GE had accused Siemens of getting secret information on bids
- Terms of settlement weren’t disclosed in court papers
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Siemens Energy AG and General Electric Co. have resolved a hotly-fought battle over trade secrets related to gas-power turbines, according to a court filing.
Terms of the agreement weren’t disclosed in the filing, in which the companies asked that a lawsuit filed by GE against Siemens be dismissed. GE confirmed the settlement but didn’t provide any details.